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Nov 1, 2012
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it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month here. as we get ready for the jobs number tomorrow, we think about the jobs -- or all the of the economic data today was good. the manufacturing, the construction spending, the adp jobs number, the private sector number, has now changed their me methodology and broadly expanded the number of sampling they take, so it may be closer in correlation to what the jobs number tomorrow looks like. today's number was a gain of 158,000 jobs, which was above expectations. so who knows what that will mean for tomorrow. >> yeah, it's really interesting. why are we changing the
it was the first post-sandy opening here on wall street. it was pretty flat, even though volume picked up at the end of the day. today we're seeing money move into equities. >> how we closed yesterday didn't really matter. it was just the fact it was open for trading. it's interesting to see this gain today as we were talking with the guys last segment. the dow up 128 points. the nasdaq with a stellar gain of 1.4%. the s&p up more than 1% on this first trading day of the new month...
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Nov 9, 2012
11/12
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Nov 2, 2012
11/12
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we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive revenue growth in the first half of 2013. extra space storage which has high exposure in new york and new jersey will see the biggest effect. perhaps as much as 33% of its portfolio. sovereign, up to 24%. this all according to analysts at cantor fitzgerald. now these reits are already up between 3% an 6% just since sandy hit. public storage is the largest of these self-storage reits. some haven't liked it lately because it's very expensive, but cantor upgraded it just before sandy hit from a sell to a hold. one caveat to all of of this, extraspace tellin
we saw it after katrina and sandy will be no different. why? of course, because people are trying to salvage what they can from their homes before they rebuild or repair and they need someplace to put it. plus, you've got builders, contractors, clean-up crews, they need somewhere to put their equipment. again, self-storage. what are the reits that will see the most action? extra space storage where we are today, sovereign self-storage, and cube smart, to name a few. demand from sandy will drive...
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Nov 1, 2012
11/12
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it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >> reporter: what's behind the long lines? first and foremost, a lack of electricity. gas stations without power, they just can't pump gas. second, some stations that have gas may run out quickly. the new jersey gasoline retailers association says the average station has about a 30,000-gallon tank. on a normal day, it turuns throh one-third of that, about 10,000 gallons. but in a post-sandy world it is going to run through that much sooner. last week some important cogs in the supply chain are without power or damage. the solution for now, truck
it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >>...
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Nov 6, 2012
11/12
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we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years. there's an 80-day window of which 30 really matter. if you don't get those, you have to sell these stocks. you need thanksgiving to christmas. >> all right. we'll see you tonight. >> thank you. >> of course coverage begins from 5:00 to 7:00 -- >> i have the air mattress ready. >> when it comes to betting on the election, how should you play gold depending on who wins the presidents whycy? we'll talk to randi zuckerberg, the sister of mark zuckerberg. her tv show premiered on bravo last night. we'll talk to her about that too when we come back. nobody said an all-in-one had to be bulky. or that you
we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years....
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Nov 1, 2012
11/12
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sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. ticker becn. you said you liked the stock but thought that it could get it at a lower price. since then, the stock has continued to rise and today in particular it had a spike. so i was wondering, do you think it's going to continue to rise or is it going to slump back? >> well, i'm glad that you called me on me, but i liked the stock but didn't tell you to buy it. that was a mistake. you should have been die -- buying it. i like beacon. beacon is a better trade. can it come down? i think it can come down, but this time you gotta buy it and it doesn't have to come down too much
sandy is one of them. the real economy might end up being boostered far more than we initially thought, simply because the federal government is stepping up to get the job done. logan in texas. logan? >> caller: boo-yah, jim. hope all is well. >> it's all right. thank you, logan. thanks for asking. how are you? >> caller: i'm doing great. i think it was about two months i called you and i was asking about the stocks beacon roofing. ticker becn. you said you liked the stock but...
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Nov 2, 2012
11/12
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but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term needs, whether that's better evacuation systems, help for the elderly or taking a closer look as many are now at climate change. meanwhile, companies are also stepping up. jpmorgan is giving $5 million. disney's giving $2 million. fedex, toyota, viacom are all now among the biggest donors and that list is growing. one advisor told me mega checks from the wealthy will come, they always do. back to you, michelle. >> i'll take it, robert. >>> we're going to dive a little bit deeper now into the business of charities. best ways to collect and distribute money after a dis
but with sandy we have yet to see these big checks from the wealthy. why? well, charity experts tell me that many of the wealthy are still digging out themselves. some of the most expensive neighborhoods in the country were hit by sandy and they still don't have power or water. also, it's early. wealthy donors don't want to duplicate efforts of the government, they don't want to send water to staten island if the coast guard is already there, for instance. they do want to figure out longer term...
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Nov 1, 2012
11/12
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hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye of hurricane sandy hit the jersey shore hard washing away whole economies in just a short 48-hour period. kayla? >> reporter: well, melissa, tom's river is just across the bay from seaside heights and suffered similar devastation during sandy, you see some of these polls on the docks here on tom's river on the bay. water was higher than that during the storm and a back porch actually detached with a jet ski tied to it and is close to where we're shooting right now. we went through the town and talked to some of the neig
hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye...
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Nov 8, 2012
11/12
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what about hurricane sandy and its effect? there are those who say that people are going to have to replenish certainly and as a result of that, that will boost sales. but other people are saying a number of these retailers are going to get very hard as a result of this natural disaster. >> your latter point is completely correct that the retailers will be hit very hard. the terrific team at home depot sold all the generators to lumber to replacement equipment and windows. that shifts consumer savings to home depot and lowe's and away from the luxury discount department store retailers. also many people -- 90% of people typically don't have flood insurance so there's less disposable income. it could be the start of a retail recession beginning this week through the holidays, into next year. >> thank you, good to talk with you. >> likewise. appreciate it, as always. >>> thank you very much. it is not just retailers. new york governor andrew cuomo in a news conference just a few minutes ago said the damage from sandy could cost
what about hurricane sandy and its effect? there are those who say that people are going to have to replenish certainly and as a result of that, that will boost sales. but other people are saying a number of these retailers are going to get very hard as a result of this natural disaster. >> your latter point is completely correct that the retailers will be hit very hard. the terrific team at home depot sold all the generators to lumber to replacement equipment and windows. that shifts...
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Nov 6, 2012
11/12
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plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either candidate but some resolution of all of this. what do you see in a risk-on trade, what we are seeing t
plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages...
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Nov 5, 2012
11/12
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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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Nov 8, 2012
11/12
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nor'easter athena certainly adding to the squeeze that was started by hurricane sandy last week. according to the department of energy the number of gas stations in the new york metropolitan area that do not have gas has actually risen in the last two days after declining. the question is are the long lines about to get longer and what does that mean for the price at the pump? let's start talking futures now. rachel chisholm is at the cme at chicago and anthony grisanti at the nymex in new york. gris, how much is athena related? >> athena and sandy, there's a window for lower gasoline prices and i'm afraid that window and closing rapidly and we started out before sandy and athena and the lowest level since the year 2000 on the east coast and now you add the problems of the refinery taking four more weeks to restart and we'll add to the deficit in gasoline supplies. >> hey, rich, to what extent are the seasonal factors going to determine gas' next move? >> jackie, take a look at the chart. we gave you a three-week chart and you simply look at the november price ban. and you buy it
nor'easter athena certainly adding to the squeeze that was started by hurricane sandy last week. according to the department of energy the number of gas stations in the new york metropolitan area that do not have gas has actually risen in the last two days after declining. the question is are the long lines about to get longer and what does that mean for the price at the pump? let's start talking futures now. rachel chisholm is at the cme at chicago and anthony grisanti at the nymex in new...
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Nov 28, 2012
11/12
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should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going
should those hit hardest by hurricane sandy set money aside to help hurricane victims? stick around. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser...
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Nov 2, 2012
11/12
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again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral support and organizational support of the government, but the red cross would lead and go down. there was a very famous flood in "forgotten man" and my new book "the biography of coolidge," the flood of the mississippi. it was terrible. the president did not go down. that was coolidge. why not? he wanted the states and the private sector and the charities to take the lead. >> i got to leave it there. we're going to finish this conversation on the radio tomorrow. that's what we're going to. we're going to have more time. that's terrific. thanks. that's it for this evening's show. thanks for watching. stay tun
again, i'm saying with something like sandy, sandy requires fema help. yes. i agree with that. question is, how, when, where and why and how? down through our history your column says the united states has had a different structure and more federalism and more use of state and local government. >> absolutely, larry. this is a "bloomberg" column that says, goes back to prewar and notes when we had a crisis often the red cross would lead it. the red cross would have the moral...
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Nov 29, 2012
11/12
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i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why mil
i called sandy, just so sandy fans, i got the erstimate from y beach property and i was lucky. one house stands, the other goes down. >> tools you need to climb the market's rocky terrain. the mad dash is coming up next. and is austerity measures the way to close the deficit. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible...
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Nov 2, 2012
11/12
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first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i agree with steve, this mum is better than the numbers in the past but not a whole lot better. the average number of jobs created since the job market turned around is 140,000 a month. so now and over the past couple of months at about 170,000 so that's better. the key number is the one you just referred to, carl. you have to think about how much do you need to keep employment constant as a proportion of the population. and that number is 119,000 per month. so what this tells you even with these numbers, even at 170,000 a month, we're adding about 50,000 a month. tha
first effects of sandy show up in the data. carl? >> thank you so much, steve. what could this mean as we head into the election? he had lazear former chairman of the president's council of economic advisers, welcome back. always good to talk to you. >> nice to be with you. thanks for having me. >> krueger says we are creating enough jobs to make up for new entrants. >> well, we are barely. soap i think alan is correct on that. the way i would think of it is this. i...
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Nov 15, 2012
11/12
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we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now. >>> mean. time, let's head out to sue at the schwab investor summit. impact in chicago. what do you got, sue? >> we got a lot coming. up. incidentally, ty, they miss you out here. we're going to talk about how to prevent your portfolio from literally going over the fiscal cliff. michael cuggino will show us. a five-star rated fund manager. $17 billion under management. where is he putting his money next on this special edition of "power lunch" live from chicago. >>> since 2008, u.s. debt has grown at an average pace of 14% each year. music
we had super storm sandy hit. that put an impact on a lot of retailers from department stores to big box stores like target and walmart. really what they're saying is the consumer is still under some pressure. that paycheck cycle still an issue for the walmart consumer and they say that jobs, gas prices and rising food prices also an issue for that group of shoppers. >> is housing about to fall off the fiscal cliff? what homeowners and future home buyers need to know right now....
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Nov 5, 2012
11/12
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 5, 2012
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. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you have
. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then...
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Nov 12, 2012
11/12
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they just got power bark on friday. 11 days after sandy hit. josh, the neighbor across the street from me is 80 years old. as of yesterday, still no power. luckily he's got a generator, he's got heat. i mean this is a national -- i understand it was a terrible storm and the crews are trying hard. but this is a national disgrace. >> i agree. i want to emphasize, we actually considered ourselves fortunate. we only went 11 1/2 days without power. i still know people, like you do, that are still without and what i would say is, besides the crews working hard, i wouldn't lay this at the feet of the crews because i got to tell you, i've net lipa crews native to long island, as well as guys from texas, from alabama, they are doing their best. but a lot of them are saying they really don't know what to do with themselves. they haven't gotten the right amount of leadership. a lot them have not been taken to where they need to be. don't forget, they don't belong here. for them to work in the dark and have no idea where they are is kind of ridiculous. a l
they just got power bark on friday. 11 days after sandy hit. josh, the neighbor across the street from me is 80 years old. as of yesterday, still no power. luckily he's got a generator, he's got heat. i mean this is a national -- i understand it was a terrible storm and the crews are trying hard. but this is a national disgrace. >> i agree. i want to emphasize, we actually considered ourselves fortunate. we only went 11 1/2 days without power. i still know people, like you do, that are...
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Nov 14, 2012
11/12
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about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's shoes. >> that is just -- they just opened another -- in the saks call they talked about another zip code store in florida where there's a whole floor of shoes. what we could do is we would take a winter break together and visit that zip code opposed to the zip code of -- >> if we're going down there, i might do it. i might do it. warmer weather you can show off your legs so that's nice too. >> okay. maybe we go to tampa bay. see what they have. >> i hear all of the action is in tampa. >> south beach. if you're going to do it, do it. >> you should do
about what sandy can mean. home depot lost more stores and had more stores close off irene but substantial off sandy. i have to get to home depot that is in long island. i think that's going to be the tell this weekend if we can get there, david. >> are we going to try? >> you both are going to try. >> i want to take david to home depot. they have everything there. you would be just shocked. >> going out for ice cream. >> as long as we don't have to try on women's...
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Nov 1, 2012
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 28, 2012
11/12
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that's another theme that runs through this report along with sandy. consumer spending grew modestly. manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall appeared to improve. small business loan was weaker to only moderately higher. that sector continues to be troubled. there were moderate gains in hiring with employment up in half of the 12 districts. wage and price pressure was subdude. let me get specific about the effects of hurricane sandy from the beige book. they found freight shipments were disrupted as far away as cleveland with a cloud hanging over jersey shore tourism. atlantic city casinos were mentioned specifically in there. there was concern over rebuilding the shore community and the speed with which they will be built. concern over shortages of c
that's another theme that runs through this report along with sandy. consumer spending grew modestly. manufacturing however weakened or in some cases even contracted so that dual track economy of the economy doing okay but the manufacturing sector not is a theme in this report. slice gains in residential and commercial real estate. tight inventories out there for housing. demand was higher for mortgages and auto loans and credit quality overall appeared to improve. small business loan was...
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Nov 6, 2012
11/12
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so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
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Nov 29, 2012
11/12
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>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all negative today, a lot of the apparel retailers were positive. 5%, 10%. that's a positive sign. >> quick comment on tiffany. huge miss. stock's a mess. is this company specific or is it luxury that we need to watch out for? >> i think it's, "a," it's company specific. i think it's luxury you want to watch. if any consumer is watching this fiscal cliff, it's really the luxury customers. it's not the american eagle customers. the american eagle customers think fiscal cliff is really a rock climbing event. >> steve, good to have you on the show as always. >> thanks a lot. >> murph, what do you do
>> i think hurricane sandy had an impact in the first week, ten days in the northeast. when you speak to kohl's they were weak across the country. you could say it's part of the election results. i think there are just issues that are there. i think it was just disappointing. fw again, it's a long holiday season. the hope is, and hope and prayer is you're going to have a better december. i think some of them will. what you want to look at, even though the department stores were all...
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Nov 6, 2012
11/12
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so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very much. >>> and with much of new jersey still suffering in the aftermath of hurricane sandy, where and how to vote could be an issue for lots of people. my polling place was moved. kayla tausche is tracking that in the garden state. >> reporter: getting people to the polls is a major task here in the storm-ravaged state with hundreds in shelters hundreds of thousands still without power. an original plan to have national guard trucks serving as mobile polling stations was quashed by state officials that's because many power grids are coming back up. the move to allow displaced voters to vote by e-mail not
so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very...
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Nov 7, 2012
11/12
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>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful romney rally of the past couple days. >> those stocks are hit very hard. i think that the correct focus on this mutually assured destruction of fiscal cliff is going to stay with us because you are going to have to pay much higher taxes on stocks. just plain and simple. it's too easy a call for broker to make. i would call everyone at goldman right now. the calls are being made. >> we'll see you tonight. >> great job last night. >> thanks a lot. and to you. we'll see you on "mad money." when we come back, four more years for your money. we'll find out what obama's second term might me
>> i think sandy has been left out. i have bruce springsteen. just kidding. >> i would believe that. >> everybody looked. i got a rise out of faber even. clean harbors, we had dirty harbor that has to be cleaned. this is the most speculative stock i follow. made a lot of money for people. $4 stock that some people think -- both of them. rolled his eyes. i got a home run. >> about a half hour ago you asked whether or not this selling right now is undoing the hopeful...
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Nov 8, 2012
11/12
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and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as part of a zeal to tackle the fiscal cliff. to sort through this cnbc's eamon javers has the very latest. good evening, eamon. >> good evening, larry. in his first post-election televised comments today speaker of the house john boehner telling reporters that he's twoilg accept some increases in revenue as long as they come as part of the grand bargain on taxes and spending in washington that would include entitlement cuts as well as tax reform that would lower overall rates and broaden the base. here's the speaker earlier today. >> for the purposes of
and finally, hurricane sandy, a huge october surprise. listen to this. 64% of voters cited it as an important factor with 62% of that vote going to the president. so like everybody, i congratulate president obama, but i'm going to spend the next few years watching him for free market principles of economic freedom. that's what i try to do to protect this great country of ours. moments ago house speaker john boehner re-elected to a 14th term in congress says he will consider tax increases as...
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Nov 6, 2012
11/12
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new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and pennsylvania close at 8:00. if governor romney wins new hampshire, if governor romney wins or is essentially tied, it's unclear, in pennsylvania, i think we're going to have a pretty good indication that governor romney will be the next president of the united states. because the polls all show new hampshire has a virtual dead heat. perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an ea
new yorkers getting out to vote in the wake of superstorm sandy. new york governor cuomo allowing residents to cast provisional ballots. my next guest served as governor of the state of new york from 1995 to 2006. he's now in private practice at a law firm. governor george pataki joining us. thank y >> hi, maria. good to be with you. >> might this drag out for days and weeks? what's your take? >> i think we could know by 9:30 tonight. the polls in new hampshire and...
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Nov 8, 2012
11/12
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Nov 13, 2012
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full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the things that blake talked about on the conference call is investment in your home starting to grow faster than gdp? he's used that as yardstick to say we're still not there yet. we're still not there even though he's been doing the numbers. i want to know whether we're there in surpassing it. yesterday there was a good conference call. people didn't like it. i think that was one of those judgments about people saying, you know what? i want to take profit. stocks up 53%. home depot looks like it's not going to fall prey to fiscal cliff profit taking. need to know more. very few stocks available to go through there. >> lowe's reports next week. lagged for 13 quarte
full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the things that blake talked about on the conference call is investment in your home starting to grow faster than gdp? he's used...
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Nov 30, 2012
11/12
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on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another network and i went po minneapolis and met with the then-ceo of super value right after they did this deal. because they were a distributor and a wholesaler. then they bought cub foods and they got more into the retail game, changed their game, spending a lot, borrowing a lot, their debt rating was junk. he seemed very confident. he's gone now. >> i wonder how it lost its way in such a grand way. new until you see the numbers you don't realize how bad it is. >> do you think there's another lesson here because super value should be perceived as a "safe" company gi
on october 31st. >> that goes back to blame the sandy. we know we'll see a lot more of that. super value is a great story. all you have to do is look at the sales decline of this company. you wonder what the buyers are really looking at here when they look at the debt, combined with the sales and earnings decline, it is so enormous, just go look at a chart of it and you'll wonder what these guys are seeing. >> i remember a number of years ago before i joined cnbc, i was at another...
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Nov 21, 2012
11/12
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the president says think of the people affected by hurricane sandy. we've got cobbler and gobbler. they're both 19-week old 14-pound turkeys. don't know about you, david, but mine is a 20-pound turkey. >> that's quite a big bird. they will be pardoned, living the good life. >> will they go back to enjoying greener pastures in virginia where they were raised. the two names, cobbler and gobbler were choens by some elementary school students in virginia. >> 55th year of the turkey pardon ing bit president. >>> how do you make money when everyone else seems to be really paralyzed by their fiscal cliff fears? >>> later we are talking turkey -- turkey stocks. are any worth gobbling up? >>> and sully's off today. next week is the big week for the big guy. three days, three cities. see what spots are thriving. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buff
the president says think of the people affected by hurricane sandy. we've got cobbler and gobbler. they're both 19-week old 14-pound turkeys. don't know about you, david, but mine is a 20-pound turkey. >> that's quite a big bird. they will be pardoned, living the good life. >> will they go back to enjoying greener pastures in virginia where they were raised. the two names, cobbler and gobbler were choens by some elementary school students in virginia. >> 55th year of the...
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Nov 10, 2012
11/12
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we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite economic impact that we'll see from sandy and the potential economic impact from the election, but as we roll into the spring of next year, say the second, third quarter, at that point the drag from economic growth from sandy becomes a positive impact. >> phil orlando, where are your favorite investment sectors? where are your best ideas right now? >> right now, we've sort of pulled in our horns and neutralized the portfolio in terms of equities and fixed income. we are watching very carefully the rhetoric. i was encouraged by speaker boehner and the president today, but right now we just need so
we are, in the weeks ahead going to get some very bad economic statistics from hurricane sandy. very bad. it might even look like a recession. will the stock market be able to see through it or will they get more fearful that the earnings cliff is going to turn into a recession cliff. >> we had our macro policy hearing and what we discussed was the impact on sandet and impact on the scomplekz we've taken the gdp numbers for the first quarter down below 1%, largely impacting the definite...
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Nov 9, 2012
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it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were you comfortable with shutting down the market like that? >> first i want to say because there are still a lot of people struggling in new jersey and new york. our hearts go out to them. we're doing everything we can to help. we gave $5 million to the red cross. we're going to do an additional $5 billion of incremental lending of small business on top of what we already do. our own employees did a great job. our bank was open on monday and tuesday. >> i spoke to somebody in your company. >> we move trillions of dollars around the world. the stock exchange was closed. the bond markets. that was the decision they made for their reason. you can argue one day or two days. they were in the middle of the storm. had they been somewhere else, i don't think that would have been the issue. a lot of markets are up and running. like i said, a lot of banks were up and running
it seems like that's what we did with hurricane sandy. i know your people at jpmorgan had their own struggles. i want to ask you about the struggles, how everybody is. first, were you comfortable with shutting down the market like that? >> first i want to say because there are still a lot of people struggling in new jersey and new york. our hearts go out to them. we're doing everything we can to help. we gave $5 million to the red cross. we're going to do an additional $5 billion of...
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Nov 29, 2012
11/12
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the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of november, it's about a 400 basis point hit to sales. so i think most of what we're seeing here is early november had two warm of weather in one-third of the country, a great hurricane in one-quarter of the country and the consumer said i got plenty of time, i don't have to really go out and spend so we had a really slow front end of the month. we'll get a lot of that back in december. i'm still predicting a great christmas. >> we have two themes on this show -- panic now or everything's fine. which one is it for retail? >> everything's fine. >> it's a "rise above" pin. >> do these drops in the sh
the question is, though, is it all sandy related? let's bring in herb greenberg and jan nippon. jan, it is so easy to blame the weather but in this case, is it justified? >> well, the weather was a problem and the long calendar is a problem. i think the weather was less of a story than the long calendar. when you put two extra selling days in front of christmas in december, it has to come out of somewhere. it will come out of early december, but if only one-third of it even comes out of...
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Nov 15, 2012
11/12
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the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not improving at the rate that we'd like but they are improving. more importantly, we're about the only major economy in the world that you can say that. so i think we're very unique and that's why we're still bullish. >> there's been a lot written about how good the recovery actually has been even though people don't want to talk about it relative to other countries, our debt. i know you look at debt to gdp. not as immediate a danger as some want to make it. there is this notion that it could all be ruined, all of that good news could be doused if, in fact, the fiscal cliff
the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not...
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Nov 28, 2012
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maybe sandy affected even though the government said it wasn't. the economy's okay. it may be more of a 2% plus economy in the fourth quarter than is being given credit on the street. it's not gang busters. the question has been for a long time -- by the way, there's some headlines from the beige book. you can see it really did affect the northeast, new york, and new jersey especially. so we'll see some of that in the data in the months ahead. we'll be seeing some rebuilding going on. you know, i would not make a call here on the economy, scott, to say go ahead and invest in the economy. after the fiscal cliff everything is fine. i think there's a reason for cautious optimism, but i don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect
maybe sandy affected even though the government said it wasn't. the economy's okay. it may be more of a 2% plus economy in the fourth quarter than is being given credit on the street. it's not gang busters. the question has been for a long time -- by the way, there's some headlines from the beige book. you can see it really did affect the northeast, new york, and new jersey especially. so we'll see some of that in the data in the months ahead. we'll be seeing some rebuilding going on. you know,...
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Nov 8, 2012
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they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips. >> oh my. data demand continues to grow. amazing spewing of cash here and whole foods spewing cash and talking about really things playing out globally in a way that is such a -- this is a gloom buster. we talked about door busters. if you read this, you think, a-ha. this is a place that's growing in this country. and in the world. and it's smartphones. >> yesterday you stood here and you said the easiest call to make if you were at goldman still to tell a client to trim. >> yeah. >> what's the tone today? >> they did that. today's the second day re
they talked about sandy and problems. this is a big theme. >> talking to paul jacobs after the bell. >> if there is hope for today, it is going to come from qualcomm and unmitigatingly positive conference call filled with great things of 4g and china strong and demand for smartphones off the chart. no more supply constraints. the ceo can make a difference today with tech. he might. this was an amazing call. >> trying to tamp down some of the concerns about a shortage of chips....
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Nov 13, 2012
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>> no, the mail was a little slow due to sandy. >> serious l the banks are not invited. is this a concern that one key part of the economy is not involved in the conversation? >> i think it's fundamental. without money, you can't create jobs. the single best source of money is banking. so even though the other corporations that are there need to spend money, they need to get money from the very places such as the new york stock exchange, such as the banks that are not being invited to this meeting. so without the banks, i think we misan important ingredient as to what needs to be done so as to create more viability in the period ahead. >> we all want to rise above it and get on board and get the economy back on track. i just worry that it's going to be two sides digging in again and lotsds of divisiveness and finger pointing. are we going to get back on track and get over this, you know, us versus them mentality? >> i think for the next four years the battle will continue. >> you do? >> however, i believe we'll settle the cliff issue just close enough to the actual date
>> no, the mail was a little slow due to sandy. >> serious l the banks are not invited. is this a concern that one key part of the economy is not involved in the conversation? >> i think it's fundamental. without money, you can't create jobs. the single best source of money is banking. so even though the other corporations that are there need to spend money, they need to get money from the very places such as the new york stock exchange, such as the banks that are not being...
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Nov 29, 2012
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hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he las
hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect...
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Nov 8, 2012
11/12
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sure, there's noise with sandy. with inventories the way they are, we're off to a good start. >> we have a window today. stacy, thank you. thank you, jan. whether you think retailers are killing the spirit of thanksgiving or not, there's one thing for certain. it's going to cost a whole lot more this year. jane wells sets the table for us. >> first, the good news. after a double-digit jump last year, this year the american farm bureau says the cost of a thanksgiving dinner for ten is up less than 1% to $49.48. a rise of only 28 cents. most items are a little cheaper this year than they were a year ago. stuffing, sweet potatoes, milk, cranberries. the big jump is in the big bird. the average 16-pound turkey will gobble up more than $22. that's up 66 cents. turkey demand is up and prices are higher because it costs more to feed the bird. you recall the midwest drought this summer. the average price it costs the country for this dinner will be a smidge higher than a year ago. $49.48 is the highest ever overall cost for
sure, there's noise with sandy. with inventories the way they are, we're off to a good start. >> we have a window today. stacy, thank you. thank you, jan. whether you think retailers are killing the spirit of thanksgiving or not, there's one thing for certain. it's going to cost a whole lot more this year. jane wells sets the table for us. >> first, the good news. after a double-digit jump last year, this year the american farm bureau says the cost of a thanksgiving dinner for ten...
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Nov 14, 2012
11/12
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have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in advance, it's not untypical to avoid thinking about the unthinkable. >> right. >> it's happened in many situations. >> real quick. politically, we keep talking about the politics of the fiscal cliff and all of this, but the politics of energy in this country, do you think that 2020 prediction is ultimately going to be right. do you see the administration now they've been reelected doing the things that you think will actually get us there? yes, no, where are you? >> i'm skeptical as to whether we'll actually reach that goal.
have to do redo sandy. what were the things that should've happened in advance of the storm knowing it was coming. >> i think when you have storms of this nature, the key is not preparing the day before, but preparing well in advance. we were involved in the aftermath of katrina and some of the storms that hit in '05, and you look back on those experiences and it's very difficult the day before to figure out what to do. and while i think particularly here there was a lot of planning in...
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Nov 13, 2012
11/12
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some of this, some of it is due to hurricane sandy but much on speculation on the fiscal cliff. retails a great day. home depot, 12-year high good reports from dick's sporting good, tjx, michael kors. the head of home depot very neutral, putty, toll to the upside. >> good to see you as always. thank you, my dear. seema mody to the nasdaq, she is following the big movers. >> technology a sore spot for the markets now the s and p tech index trading in correction territory, microsoft down on the departure of the windows division head. management shakeups the street likes, this one they clearly don't a quick check on social media stocks, facebook shares under a little bit of pressure as the street braces for a possible postlockup selling, the biggest lockup since facebook went public. roughly 800 million shares, sue, back to you. >> thank you very much, seem ma. to the bond market now, rick santelli is tracking the action for us at the cme. how are yields doing today, ricky? >> still continues to be a one-way market. the only thing we a by how big of a one-way street is it on? today
some of this, some of it is due to hurricane sandy but much on speculation on the fiscal cliff. retails a great day. home depot, 12-year high good reports from dick's sporting good, tjx, michael kors. the head of home depot very neutral, putty, toll to the upside. >> good to see you as always. thank you, my dear. seema mody to the nasdaq, she is following the big movers. >> technology a sore spot for the markets now the s and p tech index trading in correction territory, microsoft...
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Nov 9, 2012
11/12
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i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy cow! 84.9. 84.9! why a holy cow? because 82.6, the last look we had was the highest since of fall of '07. 84.9 pushes the envelope to -- going back to july of '07 when it was 90.4. but, caution, asterisk. this is a preliminary november read. all the historical comps i'm talking about are the final reads. it doesn't diminish the fact this is powerful. is this reflecting anxieties, post-election on the fiscal cliff? probably not. anybody who doesn't think there's anxieties there, just pull out your s&p chart. we still have wholesale inventories in about five minutes. back to you. >>
i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy...
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Nov 9, 2012
11/12
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. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
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Nov 16, 2012
11/12
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but we have names that have bucked the down trend. >>> did the sandy gas lines get you thinking about buying a hybrid? well, we did the math. we're going to show you how long it would take to recoup the higher sticker price. answer is this -- a really long time. now back to simon and tyler on "power lunch." >> i still love my prius, brian. >>> cream filling inside sponge cake on the outside! the twinkie, an american passion. on the verge now of extinction and the company is pointing one very sticky finger at its union. kayla tausche on the case and inside the box. kayla? >> well, tyler, it is the end of the road for hostess. twinkie maker liquidating today shuddering 18,500 jobs by monday. 200 of those jobs here at a plant in wayne, new jersey. now today is the last day of work for most of the employees, like assembly workers and mechanics. they say they're just trying to figure out what's next. wi >> first thing i'm going do is look for another job. i don't expect this to open up -- i have a feeling this is closed down for good. >> i banked around this job. i bought my house close be
but we have names that have bucked the down trend. >>> did the sandy gas lines get you thinking about buying a hybrid? well, we did the math. we're going to show you how long it would take to recoup the higher sticker price. answer is this -- a really long time. now back to simon and tyler on "power lunch." >> i still love my prius, brian. >>> cream filling inside sponge cake on the outside! the twinkie, an american passion. on the verge now of extinction and...
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Nov 13, 2012
11/12
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this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at consolidated, it means it's fabulous, doesn't it? >> could it be? >> remember at our conference last summer? july, i had ackman on a panel. articulate. gave a real case. was totally behind mr. johnson and his strategy and the stock soared from there over the next couple of months only to collapse over the last few weeks. i don't know. i preferred andrew's piece. 11% versus 89%. what do they have left in cash? a billion dollars? >> about half a billion right now. may go up after the holidays. >> george mcgovern was really behind -- he was behind him 1,000%. i'm sure that ackman is behind johnson 1,
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at...
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Nov 29, 2012
11/12
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. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
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Nov 15, 2012
11/12
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we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also
we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will...